Common Real Estate Terms
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There are currently 6 names in this directory beginning with the letter M.
Market Rent is the rental rate that a property would command on the open real estate market.
Market Value is the highest price a property would command in a competitive and open market.
Metropolitan Statistical Area (MSA)
MSA is an acronym for Metropolitan Statistical Area, an area encompassing a major city and the surrounding cities.
Mid-Rise refers to a building with 4 to 8 stories above ground. However, in a Central Business District, this might extend to buildings up to twenty-five stories.
A Model Unit is a unit used as a sales tool to show how the actual unit will appear in layout, amenities, and construction.